Price and Output Comparison under Alternative Duopoly Structures.

Duopoly competition can take different forms: Bertrand, Cournot, Bertrand-Stackelberg, Cournot-Stackelberg and joint profit maximization. In this paper we find a clear price ranking among these five markets when goods are substitutes and an output ranking when goods are complements. Moreover, the ranking can be explained by different levels of conjectural variation associated with those markets.

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Year of publication:	2005-09
Authors:	Jin, Jim Y. ; Damjanovic, Tatiana ; Parcero, Osiris J.
Institutions:	Centre for Research into Industry, Enterprise, Finance and the Firm (CRIEFF), University of St. Andrews
Subject:	Bertrand \| Cournot \| Stackelberg \| monopoly \| ranking \| conjectural variation

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Extent:	application/pdf
Series:	CRIEFF Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 0516
Classification:	L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; L13 - Oligopoly and Other Imperfect Markets ; D43 - Oligopoly and Other Forms of Market Imperfection
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005673141